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Buzzing Stocks… with EZ Wealth – September 24, 2021

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”67729″ img_size=”large” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Adani Enterprises: The company has incorporated a wholly owned subsidiary called Adani Digital Labs. The subsidiary will transform consumer businesses to digital first businesses by creating an omnichannel, integrated platform enabling customers to interact with all B2C businesses of Adani Group. The Company has also signed a share subscription agreement with Flemingo Travel Retail Private Limited and Mumbai Travel Retail (MTRPL) for the purpose of a strategic partnership to operate duty-free outlets in airports and seaports

Dilip Buildcon: Supreme Court confirmed appointment of Dilip Buildcon & VPR Mining Infrastructure, as the mine developer-cum-operator by Punjab State Power Corporation at the Pachhwara Central Coal Block Mine. The total contract value of the tender is Rs 32,156.04 crore

Dish TV: YES Bank has sent notice to Dish TV to call for EGM for ouster of MD and Director Jawahar Lal Goel

HealthCare Global Enterprises: ICRA has upgraded rating for the long-term bank facilities of HealthCare Global Enterprises to A+/Stable from A-/Stable and short-term facilities to A1 from A2+

PVR: CRISIL Ratings has downgraded the long-term rating of bank loan facilities of the company to A+/Negative from AA-/Negative and short-term rating to A1 from A1+. Also, the short-term rating has been downgraded to A1 from A1+

Reliance: Reliance Jio Infocomm Ltd. surpassed Bharti Airtel Ltd. as India’s largest telecom operator by active users for the first time this year. Jio added as many as 61.4 lakh active subscribers in July, compared to its six-month average accretion of 20.7 lakh. On the other hand, Bharti Airtel added 23.2 lakh active subscribers compared to its six-month average subscriber accretion of 24.7 lakh. Vodafone Idea Ltd. continued to lose active subscribers, but reduced the churn to 33.3 lakh in July. The numbers stood at 70.4 lakh and 48.8 lakh in May and June, respectively. Active Subscriber Base: Bharti Airtel: 34.60 crore | Vodafone Idea: 23.84 crore | Reliance Jio: 34.65 crore

Vedanta: The company its American Depositary shares from the New York Stock Exchange and terminate the program. Vedanta also plans to deregister the ADSs and underlying equity shares and terminate reporting obligations. Decision taken due to low trading volumes, higher cost of maintenance

UltraTech Cement: The company plans to meet 100% of its electricity requirement through renewables sources by 2050. It has committed to Climate Group’s RE100 initiative at Climate Week NYC 2021

Uttam Sugar Mills | CARE revised credit rating on company’s long term bank facilities to BBB-/Stable from BB+/Stable[/vc_column_text][vc_column_text]

Disclosure:

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